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2� 1 �� 1715 AI� insuranc�p��c�es requ�red by L�nd�r and r�newals of such p�lic�es s�a�l be subject�o Lend�r's rxgh�to disapprave su�h pol�cies, sha�� include a standard mar�ga�e��ause, and sha�l nam.e Lender as mortgagee andl�r as an addi�ional �oss payee. Lender sha11 have the r��ht�o h�ld�he polzcies and renewal certifica�es. �f Lend�r requires, Borr�wer sha��pr�mp��y give to Lender a�l receipts�f paid prtmiums and renewal notices. �f Borrower obta�n� any form of insuran.�e coverag�, na��therwise requ�red�y Le�der, for damage to, or destructi�n of, �h�Proper�y, such po�icy shal� include a standard mor�gage c�ause and shal�name L�nder as m�r�gagee andlor as an addi�ional �ass payee. �n�he e�ent of l��s, Borrower sha�� give prompt notice t��he�nsurance carrier and L�nd�r. L�nder m.a�r ma��pr�of of loss �f nat made promptly by B�rro�er. IJnless Lender and B�rr�vver otherv�ise agr�e in wri�ing, any insurance proc�eds s wh��her or nnt�he underly�ng insuranc�was required by Lender, shall be appiied t�res�ora�i�n or r�pair�f�he Proper�y, if�he restorat�on ar repair�s��nomical�y feas�b�e ar�d Lender's secur��y is nat lessened. During such r�pa�r and restaration period, Lender sha��ha�e�he r�gh��a ho�d such�nsurance proceeds unt�� Len�.er has had an oppor�unity tn inspec�such Praperty�a ensure�he wflrk has been completed to L,ender's satisfa�ti�n, pro��ded�hat such inspection sha��be under�aken pramptly. Le�der may disburse proceeds for the repairs and res��rat�on�n a sing�e paymen��r in a series�f pragr�ss payments as�he w�rk�s comple�ed. Un��ss an agr�emen�is m�ade in wr�ting or App�ica��e Law requires interest to be pa�d on such�nsurance pr�c��ds, Le�der sha��na��requ�red to pay Barrower any interest or earn�ngs��such procee�s. Fees far pu��c adjust�rs, or o�h�r third part�es, reta�ned by Borrow�r sha��not�e paid out flf the insuranc�proceeds and shal�be the so�e obl�gation of Borrow�r. �f the res�ora�xfln or repair�s n��econ�m��cally f�asible ar Lend�r's security vvauld b��essen�d, �he insurance proceeds shall�e applied to�he sums secured by this S�curi�y�nstrumen�, whether or no��hen due, wi�h th�ex�ess, �f any, paid to Barraw�r. Such insurance pr�ceeds sha��be app�i�d in the order pravided for�n Sect�on Z. �f Barr�wer abandons�he Praper�y, Lender may file, neg��iate a�a.d settle any a�ai�abl�insurance ciaim and related mat�ers. If Borr�w�r d�es no�respond with�n 3U day�to a notice fr�m L�nd�r tha�the insuran�� �arrier has affered ta set��e a c�aim, then Lender may neg�tia�e and set��e the c�a�m.. The 3D-day p�riad w�il b�g�n�vhen th�not�ce�s g��en. �n e�ther e�ent, or xf Lender acquires�h�Prop�rty under Se��on 2�ar o�ier�vise, Barrower hereby assigns��Lender�a} Barravv�r's r�ghts t�an�insurance praceeds in an am�un� nat to exceed�he amounts unpaid under the�ote or�h�s Se�urity �nstrumen�, and��} any other of Borr�v�er's righ�s ��th�r�.an�he right�o any refund af un�arned pr�miums pa�d by Borr�v�er}under a�l �nsurance pol�cies coW�ring��.�Proper�y, ins�far as such r�ghts are appiicabl�to�he co�erage af the Proper�y. Len�ier may use�h�insurance proceeds eith�r t� repair or rest�r�th�Pr�perty or t�pay am�un�s unpaid under the Nate�r�h�s Se�uri��r Ins�rument, whether or n��then due. �. C]ccupancy. Borr�wer sha�l occupy, establish, and use the Prop�rty a� Borrower's prin��pa�res�denc� w��h�n 6�da�s af�er�h�execution of this Security Instrumen�and sha��c�ntinue to occupy�he Praperty as Barro�v�r's principal r�sidence for at�eas�one y�ar af��r�he da�e of oc�upancy, uni�ss Lender otherw�s� agre�s in wr��ng, whic�consent sha�l no�be unreasonably withheld, or unl�ss e�tenuating cir�umstanc�� e�xs�vvh�ch ar�beyond Barrflvv�r's�antro�. 7. Preser�ation, N�aintenance and Pr�tection af the Prvperty: �nspect�vns. Borrower shal�no�des�roy, damage or�mpair�he Pr�per�y, a��ow�he Proper�y to det�r�nra��or commi�v�aste on�he Proper�y. �]Vheth�r or not Barr�wer is residing in the Proper�y, Borr�wer�ha��ma�n�ain the Proper�y �n ord�r to preve�t the Pr�perty fram deteriorat�ng�r decreas�ng�n value c�ue to its�nndx��ori. Un1�ss it�s det�rmined pursuat�t�o Secti�n 5 tha�repai�r or restoration�s no�economica�ly feasib�e, B�rrow�r sha��pr�mptly rtpair th�Proper�y if damag�d to a�oid fur�her deteriorat�on ar damage. �f insurance�r c�ndemnatian proceeds are paid in cvnr��ct�an wi�h damage to, �r�h�tak�ng of, �he Proper��, Borrower�ha1l l�e r�spons�b�e for r�pairing ar restoring t�.e Property�n��f Lender has re��ased prace�ds for such purpos�s. L�nder may disburse pr��eeds N�BFtASKA-5ing€e Fami[y-�annie Mael�reddie Mac UNI��RM INSTRUMENT Farm 30�8'�1�1 VMP Q VMPfi�N�)413�2y Wolters Ktuwer Fir�anciat Ser�ices Page 7 vf 17